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How LLCs Registered in the U.S., but Owned by Foreigners Are Treated Under FIRPTA

When someone not from the United States sells or otherwise disposes of property they own here, they usually must withhold 15 percent of the amount realized in the transaction and remit it to the IRS within 20 days of the closing. This is mandated by the Foreign Investment in Real Property Tax Act of 1980 Read More

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